Embattled aerospace firm The Boeing Company (BA) received a boost on Tuesday after the company and Ireland-based airline Ryanair finalized a $15.6 billion order for 175 passenger jets.

Ryanair will purchase about 175 737-800 model Boeing air crafts. It will also allow for Boeing to have a smooth transition to the 737 Max model that is expected to roll out in 2017.

The details of the deal have not been released. However, big deals of this nature tend to attract steep discount. The industry benchmark lists the 737-800 model to be worth $89.1 per plane, however an appraiser value the plane close to $40 million.

The order is a boost for the Chicago-based aerospace company, as it has been in the midst of a public relations nightmare following the technical problems with its new Dreamliner 787 jet.

The deal will make Ryanair one of the few remaining all-Boeing airlines. On Monday, one of Boeing’s biggest customers, Lion Air of Indonesia, dealt a blow to the company, only worsening its PR problems, by agreeing to a $24 billion order with rival Airbus.

Boeing shares were up 72 cents, or +0.85%, during pre-market trading on Tuesday. The stock is up +13.27% over the past twelve months.

The Bottom Line
Shares of Boeing (BA) have a dividend yield of 2.28% based on last night’s closing price of $85.18 and the company’s annualized dividend payout of $1.94 per share.

The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.